Company Registration No. 06513605 (England and Wales)
Shine Management Consultants Limited
Unaudited accounts
for the year ended 28 February 2025
Shine Management Consultants Limited
Unaudited accounts
Contents
Shine Management Consultants Limited
Company Information
for the year ended 28 February 2025
Company Number
06513605 (England and Wales)
Registered Office
4 Portsdown Mews
London
NW11 7HD
United Kingdom
Shine Management Consultants Limited
Statement of financial position
as at 28 February 2025
Investment property
2,731,500
3,035,000
Cash at bank and in hand
1,222
11
Creditors: amounts falling due within one year
(62,656)
(129,979)
Net current liabilities
(486)
(4,353)
Total assets less current liabilities
2,731,014
3,030,647
Creditors: amounts falling due after more than one year
(2,718,556)
(2,690,778)
Provisions for liabilities
Called up share capital
100
100
Fair value reserve
-
73,748
Profit and loss account
12,358
252,010
Shareholders' funds
12,458
325,858
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2025 and were signed on its behalf by
Peter Martin
Director
Company Registration No. 06513605
Shine Management Consultants Limited
Notes to the Accounts
for the year ended 28 February 2025
Shine Management Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 06513605. The registered office is 4 Portsdown Mews, London, NW11 7HD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are presented in sterling, which is the functional currency of the entity
Investment properties are included at their fair value. Changes in fair value are recognised in the profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Deferred tax assets and liabilities are not discounted.
Shine Management Consultants Limited
Notes to the Accounts
for the year ended 28 February 2025
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.
Fair value at 1 March 2024
3,035,000
Net loss from fair value adjustments
(303,500)
At 28 February 2025
2,731,500
The director is of the opinion that the fair values of the properties have fallen 10% across the board as at 28 February 2025 from the values stated as at 29 February 2024.
Close family members of P Martin, director, acquired mortgages in their name for the purchase of the above properties with various providers. The mortgages continue to be in their name and their assignment has not been agreed with the mortgage company. Therefore, the properties are encumbered since the mortgage company has the first and only charges against them directly.
Amounts falling due within one year
Other debtors
60,354
120,709
Shine Management Consultants Limited
Notes to the Accounts
for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,710
6,655
Trade creditors
35,335
85,035
Taxes and social security
-
5,183
Other creditors
17,851
29,586
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
2,033,153
2,028,658
Loans from directors
667,153
639,203
8
Deferred taxation
2025
2024
Accelerated capital allowances
(14,011)
14,011
Revaluation of investment property
14,011
-
Provision at start of year
14,011
14,011
Credited to the profit and loss account
(14,011)
-
Provision at end of year
-
14,011
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).